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20121202
20121210
Search Results 0 to 3 of about 4 (some duplicates have been removed)
and spending key to both parties. but you have a president enjoying an election he just won. he is doing well in the polls. the pew foundation put out a poll and say 53% of people would blame republicans if we go over the cliff. you have republicans trying to figure out their flew place in the world. and you have these very serious issues at stake. basically, the thing to keep the eye on the ball here is the president wants republicans to agree to increase rates. in 2010, republicans were brought to office by antitax activists in the tea party. their number one issue-- don't raise rates. so the president is asking them to do something right at the heart of their party. two-third of the republicans who were re-elected, were re-elected with big masorts-- 60%. it's okay with their constituents if we go over the cliff because they're standologist principle. so how are they going to get the-- how is the president anything to get republicans to increase rates? he's going to have to do something on entitlements that allows those republicans to say, hey, we-- sure, we agreed to increasing rates, but
knows we lost the election, and we're willing to put revenue on the today that will get some political heat for people like me. that is movement in a positive way. republicans should do revenue. we're willing to do it in a smart way. if you raise tax rates, you get capitol hill four help billion in revenue, and you hurt job creation. if you limit deductions at about $40,000, $50,000 per person, you prevent the middle class and get about $800 billion in revenue. 100% of americans are going to lose everything we know as america if we don't fix enitlements. we're becoming greece because of out-of-control entitlement spending. there's no age adjustment for medicare and social security. there is no means testing, of in the president's plan. we should do what ronald reagan and tip o'neill did, adjust the age for retirements, a means test benefit, do it together, and republicans should put revenues on the table and the president's plan does nothing but damn us to becomeag greece. >> schieffer: let us shift to the whole situation of the episode that happened in benghazi, that's been kind of in
politicians do. the republicans lost the election. they know they're going to have to raise revenues. but i think the over-hyping of deficits the deficit mania that seized this town, is kind of crazy. i mean, i love alan simpson and erskine bowles, but they're talking about inflation at a moment when people are paying us money to invest in our treasury bonds. you know, the summer before last, when we had the debt ceiling negotiations, and everybody was saying oh, our credit is about to go down the tubes. the price of u.s. treasury bonds were going up. so the fact is that we have a problem. i'm hoping that we'll deal with it especially, you know, the old age entitlementes, because sooner or later you and i are going to be old enough to qualify for medicare, and we're going to at the present time to be a good system. but we i think a little rationality is called for. >> schieffer: you're saying it's not as bad as it seems. the fact of the matter swhen the bush tax cuts run out at the end of the year, when payroll tax-- whatever they call it, runs out at the end of the year, people's taxes are
Search Results 0 to 3 of about 4 (some duplicates have been removed)